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Dec 8, 2012
12/12
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steve, i want to go to you first on this. there has been a lot of discussion and a lot of back and forth whether it's a good thing for marriage equality for the supreme court to take up these issues. some folks think better to leave it at the state level. there has been a lot of progress there. are you bullish or bearish on this? >> i'm bullish. i think the supreme court is going to do the right thing. you know, it's hard to predict, but i think the country has been moving so fast in the right direction. the court is not immune to public opinion. the court is not immune to the wind blowing through the country. and it's so clear where we're moving and the progress we've made in the last five years has been amazing. and i think the court is going to do the right thing. >> chris, let's talk a little bit about public opinion. because we have some polling that shows a breathtaking change of public opinion on this. in 2008, 36% of the country supported same-sex marriage. by this year, 48% support same-sex marriage. 46% oppose it. a
steve, i want to go to you first on this. there has been a lot of discussion and a lot of back and forth whether it's a good thing for marriage equality for the supreme court to take up these issues. some folks think better to leave it at the state level. there has been a lot of progress there. are you bullish or bearish on this? >> i'm bullish. i think the supreme court is going to do the right thing. you know, it's hard to predict, but i think the country has been moving so fast in the...
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Dec 12, 2012
12/12
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i think steve has it exactly right, though. the expansion to $1 trillion annually a year in terms of check writing is significantly potent in terms of potential inflation. it it just depends upon the private sector taking the bait and providing animal spirits to that fire power. >> i don't know if you saw at the top of the show, our crack team made a demonstration of ben bernanke pulling the economy over the cliff. if we go over, automatic tax cuts, automatic spending hikes on everybody, we must add, does ben bernanke and the merry band of fed governors have the strength and the ability and the fire power to pull us back? >> they've already admitted that, if we were to go over the fiscal cliff, there's little that the fed can do in terms of tools to create the kind of a scenario that we would like to see. so fortunately, the arguments for getting a deal done outweigh the arguments for not doing one before the 112th congress closes. >> you don't think, charles, they can not just shower the people with love, but shower them with
i think steve has it exactly right, though. the expansion to $1 trillion annually a year in terms of check writing is significantly potent in terms of potential inflation. it it just depends upon the private sector taking the bait and providing animal spirits to that fire power. >> i don't know if you saw at the top of the show, our crack team made a demonstration of ben bernanke pulling the economy over the cliff. if we go over, automatic tax cuts, automatic spending hikes on everybody,...
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Dec 5, 2012
12/12
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KQED
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steve posavak with us from vanderbilt university. >> susie: u.s. oil production hit a 15-year high in september. the up-tick is thanks to the controversial drilling method known as fracking. average daily production reached 6.5 million barrels a day. that's almost one million barrels more than a year ago. if that momentum continues, the u.s. might deliver on that prediction last month from the international energy agency, calling for the u.s. to surpass saudi arabia as the world's largest oil producer by 2020. here's one good thing to come from the destruction of hurricane sandy-- verizon customers will be getting faster, and more, telecom services. the company said today it is replacing damaged copper wires with fiber optic cable. that upgrade from older, slower copper allows verizon to offer more digital services, including bundling phone, internet and cable tv. and it means an increase in revenues for verizon. tom, that was the message from verizon's c.e.o., speaking at an investor conference today. but it didn't do much for the stock. verizon s
steve posavak with us from vanderbilt university. >> susie: u.s. oil production hit a 15-year high in september. the up-tick is thanks to the controversial drilling method known as fracking. average daily production reached 6.5 million barrels a day. that's almost one million barrels more than a year ago. if that momentum continues, the u.s. might deliver on that prediction last month from the international energy agency, calling for the u.s. to surpass saudi arabia as the world's largest...
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Dec 11, 2012
12/12
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FBC
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steve, your number one moneymaker now? >> this is controversial, in china, people worried about china. a two year bear market, new leadership in place, economic recovery underway, leading indicators suggest it's started. this is a company that benefits from all of that domestic growth in china. it's one of the national carriers, and it's connected to the star alliance. stock is trieding at three times, down 45% off its lows. liz: now, if there's a domestic rebound, is that what you believe is really happening there? >> well, we think there's a domestic rebound coming -- lizly -- liz: china -- >> recovery under way, off of what? 7% gdp growth, but up 9% next year. liz: and a growing middle class likes to travel. >> 250 million people entering middle class in china. liz: almost as many people in the u.s.. good to see you. >> good to see you. liz: closing bell ringing in six minutes, up 80 points for the dow, lots of green on the dow, we're coming right back, don't noaf of move. ♪ what's next? he's going to apply testostero
steve, your number one moneymaker now? >> this is controversial, in china, people worried about china. a two year bear market, new leadership in place, economic recovery underway, leading indicators suggest it's started. this is a company that benefits from all of that domestic growth in china. it's one of the national carriers, and it's connected to the star alliance. stock is trieding at three times, down 45% off its lows. liz: now, if there's a domestic rebound, is that what you...
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Dec 12, 2012
12/12
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chair, steve beckner of market news international. with the federal government borrowing roughly $1 trillion a year and now with the fed on pace to buy roughly $1 trillion a year in bonds, are you concerned about a public and possibly global perception that the fed is accommodating not just growth but accommodating federal borrowing needs, and are you concerned about what this might do to the fed's credibility and the credibility of u.s. finances in general and the credibility of the dollar as the world's leading currency? >> well, first of all, just a couple of facts. the -- we're buying treasuries and mortgage-backed securities, with half and half roughly, so we're buying considerably less than the treasury is issuing, and, moreover, the share of outstanding treasuries that the federal reserve owns is not all that different from what it was before the crisis. while the holdings have increased so obviously have the stock of treasuries in hand so it's not evident that there's been such a radical shift there. you know, we've been incre
chair, steve beckner of market news international. with the federal government borrowing roughly $1 trillion a year and now with the fed on pace to buy roughly $1 trillion a year in bonds, are you concerned about a public and possibly global perception that the fed is accommodating not just growth but accommodating federal borrowing needs, and are you concerned about what this might do to the fed's credibility and the credibility of u.s. finances in general and the credibility of the dollar as...
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Dec 5, 2012
12/12
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back to you, maria. >> steve, thank you so much. steve liesman with the secretary of treasury. let's get reaction to that exclusive interview. that's coming up after that short break. on deck, senator jeff sessions is with me, a ranking member of the senate budget committee. richard shelby is also with me. and maya mcguinness. this busy edition "the closing bell" is just getting started. we're back in a minute. they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> welcome back. you just heard from timothy geithner. did the exclusive interview you just saw move the needle in terms of the fiscal cliff being any clo
back to you, maria. >> steve, thank you so much. steve liesman with the secretary of treasury. let's get reaction to that exclusive interview. that's coming up after that short break. on deck, senator jeff sessions is with me, a ranking member of the senate budget committee. richard shelby is also with me. and maya mcguinness. this busy edition "the closing bell" is just getting started. we're back in a minute. they've been committed to putting clients first. helping generations...
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Dec 5, 2012
12/12
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CNBC
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even steve jobs used to eat there." and mona's sort of taken aback and bites her tongue and doesn't say, "steve jobs is your son." but she looks shocked, and he says, "yeah, he was a great tipper." >> and i was in that restaurant once or twice, and i remember meeting the owner, who was from syria, and it was most certainly him, and i shook his hand, and he shook my hand, and that's all. >> and jobs never spoke to him, never talked to him, never got in touch with him, never wanted to see him. [ticking] >> coming up, steve jobs delays cancer surgery. >> how could such a smart man do such a stupid thing? >> you know, i think that he kind of felt that if you ignore something, if you don't want something to exist, you can have magical thinking, and it had worked for him in the past. >> more steve jobs when 60 minutes on cnbc returns. lots of prepaid cards come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cas
even steve jobs used to eat there." and mona's sort of taken aback and bites her tongue and doesn't say, "steve jobs is your son." but she looks shocked, and he says, "yeah, he was a great tipper." >> and i was in that restaurant once or twice, and i remember meeting the owner, who was from syria, and it was most certainly him, and i shook his hand, and he shook my hand, and that's all. >> and jobs never spoke to him, never talked to him, never got in touch...
SFGTV2: San Francisco Government Television
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Dec 5, 2012
12/12
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SFGTV2
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i do not think -- steve jobs working in his career came up with stuff. i did not know that steve jobs was working in that group on the computer. we want to have space for that. we need space for innovation, it is a constant challenge. the power of the conventional is so overwhelming and the convergence is so powerful that to try to innovate is exhausting in government. let me tell you. in spite of that, i am ready for several more years of innovation. i hope you are. i hope california is. [laughter] [applause] >> for this next question, let's pretend that president obama is sitting in this chair. but pretend this is a private room -- let's pretend this is a private room. we need everyone out there to be quiet. if you were here along with the president, what are the two things you would tell him you need to make your state more competitive or all states more competitive? >> i think and i am an unabashed supporter of the president. i do not think all his policies are perfect but he has done a remarkable job of coming into an almost impossible situation in
i do not think -- steve jobs working in his career came up with stuff. i did not know that steve jobs was working in that group on the computer. we want to have space for that. we need space for innovation, it is a constant challenge. the power of the conventional is so overwhelming and the convergence is so powerful that to try to innovate is exhausting in government. let me tell you. in spite of that, i am ready for several more years of innovation. i hope you are. i hope california is....
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Dec 12, 2012
12/12
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CSPAN
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to steve austria, steve is another one that reached out. as a 26 1/2-year veteran of the air force, wright patterson air force base is -- it's important to the state of ohio, that is true. but it's important to the air force. it's porch to our nation. -- important to our nation. and i've appreciated the work that steve has done there. steve might not realize this, but he trained many of the staff that i have today. i'm very pleased with the staff that i have here in washington and many of those that serve with me today, serving the sixth district of ohio, came through steve austria's office. and -- where they learned and where they saw the value of hard work and steve austria and i appreciate so much what steve has done for our delegation. to dennis kucinich. you know, i had seen dennis many, many times on television prior to being elected myself, seeing the interviews. dennis was a known leader and political figure in the state of ohio and people told me early on , you know, you don't have to agree with everything that dennis says, but one
to steve austria, steve is another one that reached out. as a 26 1/2-year veteran of the air force, wright patterson air force base is -- it's important to the state of ohio, that is true. but it's important to the air force. it's porch to our nation. -- important to our nation. and i've appreciated the work that steve has done there. steve might not realize this, but he trained many of the staff that i have today. i'm very pleased with the staff that i have here in washington and many of those...
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Dec 13, 2012
12/12
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FBC
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steve buys the stock. what was said in the phone call? did steve know it was insider trading when he bought the stock or should have known. i like steve to be honest. i think, you know, my opinion is they shouldn't put anybody in jail for insider trading. it's nonsense. it's a civil crime. it's not people go in jail for robbery. >> i have to get to the twining ky news, charlie. there's twinkie news which is that walmart may save hostess, of course, the proprietor of twinkies. the word is that these two are possible bidders. hostess says no. >> why? >> i don't know. i think kroger wants the wander bread. >> how much it go for? >> 1 billion liquidadtio. >> maybe that's why nobody cared. >> you don't allow anything negative in your body at all. you have not ate a twinkie in -- >> i could say 40 years. >> 40, okay. >> now you know i'm over 40. >> i was 38. okay. 83 appointments to the downside, well off the lows, we were down 96 points for the dow jones industrial, red across the board. stay tuned, coming righ
steve buys the stock. what was said in the phone call? did steve know it was insider trading when he bought the stock or should have known. i like steve to be honest. i think, you know, my opinion is they shouldn't put anybody in jail for insider trading. it's nonsense. it's a civil crime. it's not people go in jail for robbery. >> i have to get to the twining ky news, charlie. there's twinkie news which is that walmart may save hostess, of course, the proprietor of twinkies. the word is...
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Dec 13, 2012
12/12
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. >> steve, which states do you think could be targeted next? >> well, i think the republican party has a strategy here to try and weaken institutions that help working families and help the mill class. it's really sad. you know, the republican party isn't doing very well right now. what are they doing, going after labor unions. people forget, all the things we take for granted, whether 2 will be sick leave, available indication days, five-day work week, 40-hour week, it's all because of fights the labor unions did to help the middle class and help working families be competitive in this marketplace. >> do you see any states that might be at risk here? >> do i think what? >> do you see any states that are at risk next? >> oh, yeah, i think the republican party is going to spend a lot of time trying to do this because it's unfortunate because what the republican party ought to be doing is how to change the message to talk to middle class families. the nbc/"wall street journal" poll this morning said republic people view republicans as being too r
. >> steve, which states do you think could be targeted next? >> well, i think the republican party has a strategy here to try and weaken institutions that help working families and help the mill class. it's really sad. you know, the republican party isn't doing very well right now. what are they doing, going after labor unions. people forget, all the things we take for granted, whether 2 will be sick leave, available indication days, five-day work week, 40-hour week, it's all...
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Dec 6, 2012
12/12
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WBFF
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give it up for steve harvey. [captioning made possible by fremantle media] steve: thank you very much. all right. just--ha ha! hey, welcome to "family feud," everybody. i'm your man steve harvey, and, boy, we got a good one for you today. returning for the second day all the way from waltham, massachusetts, it's the hallowell family...
give it up for steve harvey. [captioning made possible by fremantle media] steve: thank you very much. all right. just--ha ha! hey, welcome to "family feud," everybody. i'm your man steve harvey, and, boy, we got a good one for you today. returning for the second day all the way from waltham, massachusetts, it's the hallowell family...
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Dec 6, 2012
12/12
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KTVU
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let's check in with steve. >>> thank tara. we had four whoppers of a system, we had low clouds and rain up in certain areas had 14 inches of rain and some in the santa cruz mountains, it is time to dry out a little bit. the only fine ointment will be the wind. unless you have a breeze it will chew it off. temperatures with condensation occurs and there in lies fog and temperatures are mild. it is not taking much to see that fog form. some of it is a low cloud deck and in fact there is no sign of rain on the ten day outlook. fog sun mild, thick fog, maybe some drizzle, nothing too outrageous, nothing like what we have had over the last few days. 60s for temperatures and a little bit of sun, a little drizzle as well. saturday and sunday, it looks like calm conditions and we take it in with a north wind. >>> thank you steve. santa clara animal shelters think they can send some animals to a new home. from now until the end of the month, adoption fees will drop significantly. it will cost up to $12 to buy a new animal and this coup
let's check in with steve. >>> thank tara. we had four whoppers of a system, we had low clouds and rain up in certain areas had 14 inches of rain and some in the santa cruz mountains, it is time to dry out a little bit. the only fine ointment will be the wind. unless you have a breeze it will chew it off. temperatures with condensation occurs and there in lies fog and temperatures are mild. it is not taking much to see that fog form. some of it is a low cloud deck and in fact there is...
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Dec 9, 2012
12/12
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steve forbes? >> i met him at an event i did when i was working in southern california and one thing led to another. i moved back to new york. i am from new york and started working at "forbes" of the pr department. >> elizabeth ames, or practical experience, how do that that? >> i've learned a lot since "forbes." when i sat "forbes" islandwide about markets. again, i began as a journalist and worked at "businessweek" many years ago as a journalist. but when i started to work as an entrepreneur, i learned about the fact that you really need to have economic freedom to create jobs. something i learned personally. if you're obviously just getting a paycheck, you really don't understand how government can affect that firsthand. that was one of the things that led me to think this is a useful idea for a book. >> overall, philosophically, how do you see the role of government, the role of congress, the role of the president in the economy? >> basically this book raises and answers the question. we need
steve forbes? >> i met him at an event i did when i was working in southern california and one thing led to another. i moved back to new york. i am from new york and started working at "forbes" of the pr department. >> elizabeth ames, or practical experience, how do that that? >> i've learned a lot since "forbes." when i sat "forbes" islandwide about markets. again, i began as a journalist and worked at "businessweek" many years ago as a...
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Dec 8, 2012
12/12
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>> steve? >> let me step back and put it into context. we're dealing with immigration gets am end and h1b, it little wonky. we should step back and understand why it is central to the future of the nation. it is worth remembering that in the nation was once a startup. a bunch of pioneering people came over on boats and try to build a better world, find a better life. that is number one. no. 2, it is worth mentioning that we did not become the leading economy in the world by accident. it was the work of business people creating companies, and tire industries that really fuelled the american story -- entire industries that really fuelled the american story and let us to the leaders of the free world. it was taking pioneering, innovative business people that really helped build this nation. the pioneers and patriots, thomas jefferson, the connection to uva, many others, there are a lot of facets to the story of america. one really important one is the role of the economy, particularly the role of
>> steve? >> let me step back and put it into context. we're dealing with immigration gets am end and h1b, it little wonky. we should step back and understand why it is central to the future of the nation. it is worth remembering that in the nation was once a startup. a bunch of pioneering people came over on boats and try to build a better world, find a better life. that is number one. no. 2, it is worth mentioning that we did not become the leading economy in the world by...
SFGTV2: San Francisco Government Television
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Dec 11, 2012
12/12
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that steve ritchie can't deal with. i am not interested any more in the mou. i am not interested in the $2 million i helped get for the bond. i am not interested in the watershed report. i am not interested in site planning. but i will stay involved in trying to keep the lake level up and the water quality better. we are now at 22-24 feet versus 10-12 feet heading towards a mud flat. let's keep working on it. >> mr. collin. >> good evening, i am tim colin. i am going on 13 years of volunteerism at lake merced. and the good news is that puc staff deserves enormous credit for the improved water quality. and the levels sustained. that's the good news for lake merced. as far as the future as how it's managed as a resource. i am confused. and i am not sure what to say. it was my understanding that supervisor elsbernd asked that an mou be negotiated between this agency and rec and park, and that was five years ago. in 2007. i am mystified what would prevent two agencies from implementing a simple mou of who has management over lake merced. i don't know how to explai
that steve ritchie can't deal with. i am not interested any more in the mou. i am not interested in the $2 million i helped get for the bond. i am not interested in the watershed report. i am not interested in site planning. but i will stay involved in trying to keep the lake level up and the water quality better. we are now at 22-24 feet versus 10-12 feet heading towards a mud flat. let's keep working on it. >> mr. collin. >> good evening, i am tim colin. i am going on 13 years of...
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Dec 5, 2012
12/12
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steve hair tan live for news cairo. steve? >> shepard, this is really a new tactic for the opposition protesters. instead of simply staying here in tahrir square and chanting they went on offensive tonight toward the presidential palace. they got right to the compound walls until being tear gassed. it was reenergized the opposition. we have seen increase in recent days now they are out in full force. one factor to keep in mind about the demonstrations today, there were no serious injuries reported. despite the scenes of chaos, both sides evidently still using some restraint. next on the agenda of vote december 15th on a constitution heavily criticized as a rush job that favors islamist parties. it's clear the muslim brotherhood will try and get out a strong yes vote on that constitution. what's not clear is the opposition's tactics. will they try to get out a no vote or will they abstain considering the whole process unjust? shepard, back to you? >> steve harrigan live tonight in cairo. the former new york city mayor ed koch i
steve hair tan live for news cairo. steve? >> shepard, this is really a new tactic for the opposition protesters. instead of simply staying here in tahrir square and chanting they went on offensive tonight toward the presidential palace. they got right to the compound walls until being tear gassed. it was reenergized the opposition. we have seen increase in recent days now they are out in full force. one factor to keep in mind about the demonstrations today, there were no serious injuries...
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Dec 13, 2012
12/12
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CNBC
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steve liesman and rick santelli tackle it out next. >> oh, boy. and we'll hear from a top republican lawmaker warning that the real fiscal cliff is a couple years away when the economy could collapse because of runaway spending. congressman paul brown will join us. >> and top picks for 2013. you'll never guess what stock he likes the most. >> hmm. >> back in a moment with that. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a
steve liesman and rick santelli tackle it out next. >> oh, boy. and we'll hear from a top republican lawmaker warning that the real fiscal cliff is a couple years away when the economy could collapse because of runaway spending. congressman paul brown will join us. >> and top picks for 2013. you'll never guess what stock he likes the most. >> hmm. >> back in a moment with that. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow...
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Dec 7, 2012
12/12
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CNBC
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>>> plus, former aol ceo steve case joins us. he'll outline his big plans to get america back to work and how to keep america great when it comes to innovation. all ahead on "power lunch." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned d
>>> plus, former aol ceo steve case joins us. he'll outline his big plans to get america back to work and how to keep america great when it comes to innovation. all ahead on "power lunch." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down...
SFGTV: San Francisco Government Television
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Dec 13, 2012
12/12
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SFGTV
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first of all i want to thank steve ritchie, i know how full your plate is. and i know how long you have been working on this, and how complicated it is in some ways. and in some ways not that complicated. but i know how much effort you put in. and i want to thank but for the lake merced task force, but for all of you coming and keeping us on point on this. and reminding us the history and value of this important asset of the puc's. and i am also discouraged that no one from rec and park is here. because i feel like they should be. it's an important conversation and we are trying to get a common understanding if not relationship going with regards to this site. to keep on a big-picture view. there are several assets that the puc, parks and real estate that the puc owns that rec and park manages. and i don't know if we have, maybe this is a conversation for a later time. mous for each individual parcel. or an overarching mou, that we are the owners and you are the managers, and you do recreation and we don't. but i think it's something that we should consider
first of all i want to thank steve ritchie, i know how full your plate is. and i know how long you have been working on this, and how complicated it is in some ways. and in some ways not that complicated. but i know how much effort you put in. and i want to thank but for the lake merced task force, but for all of you coming and keeping us on point on this. and reminding us the history and value of this important asset of the puc's. and i am also discouraged that no one from rec and park is...
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Dec 10, 2012
12/12
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FOXNEWS
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. >> steve: delusional of. tomorrow on our program, laura ingraham, cheryl casone, and actress aisha tyler. big show. >> gretchen: see you tomorrow bill: guys. good morning. as we start this week we want to talk about a dangerous rescue in afghanistan come at a high price the life of a u.s. navy seal. here is the mission. to save an american doctor kidnapped by the taliban. as we go through the story it's a reminder about the sacrifice still being made overseas. good morning i'm bill hemmer. whole new week here at "america's newsroom". martha: i'm martha maccallum. this fallen hero was a member of navy "seal team 6" that carried out the mission to kill usama bin laden. according to officials in afghanistan they came under heavy fire with this mission. >> according to our information the kidnappers were taliban. they were heavily armed with heavy machine guns, with so-called rpg. rocket propelled grenades and ak-47s. bill: steve centanni follows up in washington. what can we report about this rescue machine? >>
. >> steve: delusional of. tomorrow on our program, laura ingraham, cheryl casone, and actress aisha tyler. big show. >> gretchen: see you tomorrow bill: guys. good morning. as we start this week we want to talk about a dangerous rescue in afghanistan come at a high price the life of a u.s. navy seal. here is the mission. to save an american doctor kidnapped by the taliban. as we go through the story it's a reminder about the sacrifice still being made overseas. good morning i'm...
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steve? >> steve: thanks. it is one of america's most dangerous cities, but now camden, new jersey, is laying off their entire police force. officials say massive union contracts have are to blame because they are filled with bloated benefits that the city simply cannot afford anymore. >> eric: joining us is scott thompson, the chief of camden city police department and a former nypd officer and the founder of an organization helping camden rebuild its police force union free. let's start with you. so how does this work? if the police department is quote unquote, laid off, what keeps camden safe going forward? >> actually, the layoffs will not occur until such time as the new force stands up and has sufficient staffing to be able to take over the police functions. >> steve: when is that supposed to be? >> we're looking at the spring. the new police department by the end of spring. >> steve: okay. chief. eric and i both live in new jersey. we know camden has a real crime problem. we can put autopsy graphic that
steve? >> steve: thanks. it is one of america's most dangerous cities, but now camden, new jersey, is laying off their entire police force. officials say massive union contracts have are to blame because they are filled with bloated benefits that the city simply cannot afford anymore. >> eric: joining us is scott thompson, the chief of camden city police department and a former nypd officer and the founder of an organization helping camden rebuild its police force union free. let's...
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did not work. >> let me disagree with steve. the problem is not simple police we don't want to cut -- we don't want to raise taxes. if you look at this thing from a balance sheet perspective, raising taxes and cutting spending will do the same thing. they take money out of the economy. i think that that's true. i think we're going to go through two quarters of the recession. it will be a mild recession, 1.5% consecutive quarters down, and then we'll have, according to the cbo by the end of the year, a little less than 2% growth. we have to deal with this deficit. this is never going to be easy. i think it's worth having a mild recession, popping out of it after two quarters. i think it's worth making some of these cuts and worth everybody having to pay the same taxes when bill clinton was done. otherwise we're going to keep kicking this can down the road, and we're never going to get to the deficit. that is a big problem >> you know, governor -- >> alan greenspan agrees with him, by the way. do you think a mild recession, as he
did not work. >> let me disagree with steve. the problem is not simple police we don't want to cut -- we don't want to raise taxes. if you look at this thing from a balance sheet perspective, raising taxes and cutting spending will do the same thing. they take money out of the economy. i think that that's true. i think we're going to go through two quarters of the recession. it will be a mild recession, 1.5% consecutive quarters down, and then we'll have, according to the cbo by the end...
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steve sedgwick -- steve sedgwick with more. steve? >> reporter: hey, just head the prompt. it's me in vienna. it does feel like winter, minus three here. but i can tell you that opec should be happy. it is producing nearly 31 million barrels a day. it's got brent over $108 a barrel. brent will be over $110 a barrel on average for 2012. for the first time ever. olympic making a trillion dollars in -- opec is making a trill dollars trillion dollars in oil. they're worry good oversupply going into 2013. they are concerned that the call on their oil is going to be less than 30 million barrels a day even though they're producing the best part of 31 million barrels ail day. surely they should be taking a little off the table if they want to keep it at current levels. the problem is they don't take any off the table officially. it would send out the wrong message politically. but there's a real concern that oecd inventories, the consuming, western nations, eventually got inventories above 59 days, which is the first time we've seen that in 2012. and it's above the average over the
steve sedgwick -- steve sedgwick with more. steve? >> reporter: hey, just head the prompt. it's me in vienna. it does feel like winter, minus three here. but i can tell you that opec should be happy. it is producing nearly 31 million barrels a day. it's got brent over $108 a barrel. brent will be over $110 a barrel on average for 2012. for the first time ever. olympic making a trillion dollars in -- opec is making a trill dollars trillion dollars in oil. they're worry good oversupply...
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apple tv living in the legacy of steve jobs. we're going to take a very close look on what is next for america's favorite gadgetmaker. >>> speaking of gadgets, rivalry research in motion, offering training programs and promotions for its upcoming blackberry 10. it's targeted corporations. bold move or maybe a desperate one? >>> any move might be welcome down here. democrats want tax hikes on the rich. republicans want entitlement cuts. we've heard this before, haven't we? what do average americans want to see in a fiscal cliff solution. we've got the exclusive results of our exclusive cnbc all-america economic survey. >>> now to everybody's all-american, sue herera standing by at the nyse. >> you're sweet, ty. thanks. >>> we're a little bit on the downside. we really kind of retraced a little bit on the dow jones industrial average. previous to this we were solidly in the green in all three of the major market indices. the dow now down 14 1/2 points. nasdaq up eight. the s&p is down just a fraction. of course we are also watchin
apple tv living in the legacy of steve jobs. we're going to take a very close look on what is next for america's favorite gadgetmaker. >>> speaking of gadgets, rivalry research in motion, offering training programs and promotions for its upcoming blackberry 10. it's targeted corporations. bold move or maybe a desperate one? >>> any move might be welcome down here. democrats want tax hikes on the rich. republicans want entitlement cuts. we've heard this before, haven't we? what...
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Dec 5, 2012
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steve is not calling it a storm. >> that is right. especially state route 9 in the santa cruz mountains. we do want to go back to the two-car crash on 580 in oakland. we do have lanes that are still blocked there. this was an accident involving two cars at lake shore avenue. and we understand that one of the parties is actually still trapped inside of the car. emergency crews are trying to get those people out. we will keep you updated if this seems to cause anymore traffic problems. up next we will take a live look at the golden gate bridge. you can see how wet it is out there as you drive into san francisco this morning. down in the south bay 237 milpitas. traffic is flowing pretty well on to sunnyvale. >>> our system is finally moving through. took awhile to get here. for most it was a cloudy day. for rain in the north bay. petaluma. half inch to an inch of rain. couple amounts a little higher than that toward the russian river. our system is moving slowly south. giving us drizzle, cloudy, foggy. light rain occasionally moderate ra
steve is not calling it a storm. >> that is right. especially state route 9 in the santa cruz mountains. we do want to go back to the two-car crash on 580 in oakland. we do have lanes that are still blocked there. this was an accident involving two cars at lake shore avenue. and we understand that one of the parties is actually still trapped inside of the car. emergency crews are trying to get those people out. we will keep you updated if this seems to cause anymore traffic problems. up...
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steve and i were there. when you have 1% growth it feels 1% economic growth it feels like a zero sum game. when you have 5% growth it's boundless opportunity. and that's what we got to get back to this message of what can we do to give opportunity to american families, to american young people, to americans in general. and cut, cap and balance was part of it. getting back to the kind of policies to promote economic growth. and that optimism and that specialness that reagan talked about that is i think where we need to be as a party, where we need to be as conservatives. >> the -- if you have a particular disappointment over the past couple years besides the november plerks, what would it be? -- election, what would it be? >> the fact that we didn't pass that. let's be honest, the decisions that were made in the summer of 2011 put us in the mess we're in today. if we could have held strong and got something -- an actual solution, something that would help solve our fiscal problem and promote economic growth w
steve and i were there. when you have 1% growth it feels 1% economic growth it feels like a zero sum game. when you have 5% growth it's boundless opportunity. and that's what we got to get back to this message of what can we do to give opportunity to american families, to american young people, to americans in general. and cut, cap and balance was part of it. getting back to the kind of policies to promote economic growth. and that optimism and that specialness that reagan talked about that is...
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steve cohen can invest to his heart's desire. he can invest all he wants, it is just that he will be a registered investment advisor. cheryl: thank you. it will be fascinating to see how far they get or do not get with steve cohen. charlie, thank you very much. "the closing bell" will ring in 29 minutes. it could be the worst month for ipos in ten years. paralyzed by the fiscal cliff. when will deals start to flow? that is coming up next in a fox business exclusive. ♪ says that clear answer is gold hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but whenoint pain and stiffness from psoriat arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffns, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. sious, sometimes fatal events including infections, tuberculosis, lymphoma, other
steve cohen can invest to his heart's desire. he can invest all he wants, it is just that he will be a registered investment advisor. cheryl: thank you. it will be fascinating to see how far they get or do not get with steve cohen. charlie, thank you very much. "the closing bell" will ring in 29 minutes. it could be the worst month for ipos in ten years. paralyzed by the fiscal cliff. when will deals start to flow? that is coming up next in a fox business exclusive. ♪ says that...
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. >> it's snot just steve though. it's the talent steve attracted and whether or not thatt atalen is leaving or if it's still there. what are you shaking your head about? >> i think johnny ive is certainly as much of a talent magnet as steve jobs. this person has an aura about him. i think a lot of people at apple and surrounding apple are very exciting when tim cook did a good job of selecting johnny ive instead of scott forestall. you hear reports of people applauding that johnny is the man now. he's going to run the design over there. it's big news. >> all right. we'll leave it there. >> scott wasn't so popular either, which was part of the reason for the applause. >> guys, thanks. appreciate it. catch the full interview with apple ceo tim cook tonight 10:00 p.m. eastern on nbc's "rock center." >> looking forward to that. >>> as we head toward the close with about 40 minutes left on the trading session, losing altitude here. >> how about zynga? the company known for its farmville game, of course. the company is now
. >> it's snot just steve though. it's the talent steve attracted and whether or not thatt atalen is leaving or if it's still there. what are you shaking your head about? >> i think johnny ive is certainly as much of a talent magnet as steve jobs. this person has an aura about him. i think a lot of people at apple and surrounding apple are very exciting when tim cook did a good job of selecting johnny ive instead of scott forestall. you hear reports of people applauding that johnny...
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let us bring in steve with more and the fed's outlook, steve? >> i think the story here today is federal reserve despite saying it will spend something like a trillion dollars in additional qe this year or next year is lowering its economic forecast. if you look at the outlook for 2012 through 2015, it actually lowered the outlook from its september forecast. take a look here. tenth off of 2012. tenth off of 13. 15 bases points out of 2014 and 2015. look at what the federal reserve did with unemployment rate. it did lower that as well. remember that a key reason why the federal reserve announced today, it'll be doing another $45 billion in quantitative easing bringing the total to $85 billion a month. can you see a quarter point from it in 2012. 20 in 2013. and on ward towards 2015, but just look at that. 80 basis points off the unemployment according to the fed's forecast. that suggests you get very little bang for your qe buck there, brian. i think that is something worjs discussing. they will spend, if they do, $85 billion a month. trillion t
let us bring in steve with more and the fed's outlook, steve? >> i think the story here today is federal reserve despite saying it will spend something like a trillion dollars in additional qe this year or next year is lowering its economic forecast. if you look at the outlook for 2012 through 2015, it actually lowered the outlook from its september forecast. take a look here. tenth off of 2012. tenth off of 13. 15 bases points out of 2014 and 2015. look at what the federal reserve did...
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today as steve will be, what would your first question to him be? >> my questions would be about dividends and capital gains as they're market related. with the dividends we've seen a tremendous amount of companies bring them forward in the name of tax avoidance. in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure out what the effect would be. my second question would be, back in '08 when the president was debating hillary clinton accepted the concept that every time we've raised capital gains tax, the receipts from that have gone down. every time we've lowered it, they've gone up. he accepted that. i want to know if his opinion is modified or is he considering laying off tax and business investment for fear that it will give us less of it. >> two very interesting questions there about what effect a change in taxes does to behavior. i think you can't deny the fact that it does change behav
today as steve will be, what would your first question to him be? >> my questions would be about dividends and capital gains as they're market related. with the dividends we've seen a tremendous amount of companies bring them forward in the name of tax avoidance. in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure...
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>> narrator: steve meyers used mf global to trade futures on behalf of scores of farmers and ranchers in the midwest. >> adm does most things... >> many people cleared through mf global because they were the world's largest. so it gives you some comfort in the fact that you're always going to have that liquidity, you're dealing with somebody that's everywhere in the world. >> narrator: but when corzine took over mf global, the firm was in deep trouble. revenue from commissions wasn't covering expenses. the firm was losing money. >> when corzine first came in, the ratings agencies told him, "look, you stepped into a firm that has a lot of problems. so you don't have unlimited time. the ratings on this firm are fairly low for a firm in its business and the bias is to move them lower." and so that put more pressure on corzine than hwould have otherwise faced. >> we're transforming from sort of an old-line brokerage firm into an investment bank. >> narrator: corzine set about cutting costs and replacing old-line traders with more aggressive hires from goldman sachs. >> we want to take and
>> narrator: steve meyers used mf global to trade futures on behalf of scores of farmers and ranchers in the midwest. >> adm does most things... >> many people cleared through mf global because they were the world's largest. so it gives you some comfort in the fact that you're always going to have that liquidity, you're dealing with somebody that's everywhere in the world. >> narrator: but when corzine took over mf global, the firm was in deep trouble. revenue from...
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joining me nariman bear verb, ihs chief economist and steve moore from the "wall street journal" steve, seems like you are the guy that likes our ghost buster, fed buster guy. >> i was shocked by the decision. is this qe inifiti we're on right now? melissa: i don't know. >> we've had such a huge deluge of liquidity into the market. and the fed, a lot of people know this that the fed already owns about a trillion dollars worth of federal 30-year treasury securities on its book and it will now purchase 40 billion more a month. that is fancy way of saying what we're doing right now, melissa, we're monetizing our debt. melissa: yeah. >> treasury department is issuing the debt and federal reserve is purchasing the debt and purchases that debt by printing money. melissa: nariman, a lot of people expected before the announcement today they would say they're backing off. instead they said they will target the unemploymt rate, you know as if this would give them license to go on morph longer. were you surprised and do you think it's a good idea? do you think steve is right that we're just monet
joining me nariman bear verb, ihs chief economist and steve moore from the "wall street journal" steve, seems like you are the guy that likes our ghost buster, fed buster guy. >> i was shocked by the decision. is this qe inifiti we're on right now? melissa: i don't know. >> we've had such a huge deluge of liquidity into the market. and the fed, a lot of people know this that the fed already owns about a trillion dollars worth of federal 30-year treasury securities on its...
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>> steve: right. >> jimmy: it will air. and try and maybe -- can't talk about it anymore. but, anyways, keep sending in those tweets. we'll be taking them up until 8 p.m. eastern time friday. and you can follow all the progress and see how you can get involved by going to steerthescript.com. let's make a commercial with lincoln. [ cheers and applause ] this is gonna be fun you guys! we'll be right back with more "late night." come on. [ cheers and applause ] ♪ [ male announcer ] everyone loves to dunk. mcdonald's tender, juicy chicken mcnuggets in spicy buffalo and creamy ranch sauce. just $4.99 for 20 of your favorite chicken mcnuggets. more ways to love mcnuggets. ♪ more ways to love mcnuggets. ♪ [ cheers and applause ] >> jimmy: welcome back. hey, everyone, i'm so excited. coming up is my favorite game. this game is amazing. if you like carpets and you like samples, you're gonna love this. [ laughter ] it's a game we call "wheel of carpet samples." ♪ [ cheers and applause ] >> jimmy: let's give it up for tonight'
>> steve: right. >> jimmy: it will air. and try and maybe -- can't talk about it anymore. but, anyways, keep sending in those tweets. we'll be taking them up until 8 p.m. eastern time friday. and you can follow all the progress and see how you can get involved by going to steerthescript.com. let's make a commercial with lincoln. [ cheers and applause ] this is gonna be fun you guys! we'll be right back with more "late night." come on. [ cheers and applause ] ♪ [ male...
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that's a great thing, steve. we should do it right now. >> right. >> and everyone knows it's coming. that's the other thing. it's not as though -- >> do they? >> i don't think so. >> the utility companies, the coal companies, the fossil fuel industry, this is something they're examining every day. everyone is looking at what the emissions rate around the world is. the fact that the earth is warming very, very quickly. the arctic is melts in front of our ois. the city of new york was closed down from a massive storm. this is very much present. steve said we used to say it's a problem of the future. it's a problem of now, and we have to build the pauktics to get that result. >> there's a massive link between flooding in the brooklyn battery tunnel and a carbon tax. >> i think people are awakening to the impact. >> even exxon mobile, their corporate planning department assumes a price on carbon is coming. it's a question of timing and amount. everybody understands in the business that the politics are rising. they'r
that's a great thing, steve. we should do it right now. >> right. >> and everyone knows it's coming. that's the other thing. it's not as though -- >> do they? >> i don't think so. >> the utility companies, the coal companies, the fossil fuel industry, this is something they're examining every day. everyone is looking at what the emissions rate around the world is. the fact that the earth is warming very, very quickly. the arctic is melts in front of our ois. the...
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steve, i have gloves. >> steve: they would match your outfit. >> gretchen: i know. >> steve: you just want to share. it is the season for sharing. >> gretchen: i am a wimp with the gold. i don't like it even though i grew up in minnesota. >> steve: it is winter and it was not cold we would be in trouble. >> brian: we have bad news. >> gretchen: we have a fox news alert. while you were sleeping a magnitude earthquake hit japan and triggered a suence - tunce tsun ami. >> and day after two hunters found two bodies can doysens of people held a vigil to remember elizabeth collins and lyric cook . >> this time the law enforcement is confident based on the investigation that the bodies found yesterday are those of lyric cook and elizabeth collins. >> gretchen: a positive id will be made by the medical examiner. more importantly how did they die? they are accused of aiding terrorist and planning weapons of mass destruction and they will come face to face with a judge in florida. they were both from pakistan . they planned an attack with weapons of mass destruction. prince charles is speaking
steve, i have gloves. >> steve: they would match your outfit. >> gretchen: i know. >> steve: you just want to share. it is the season for sharing. >> gretchen: i am a wimp with the gold. i don't like it even though i grew up in minnesota. >> steve: it is winter and it was not cold we would be in trouble. >> brian: we have bad news. >> gretchen: we have a fox news alert. while you were sleeping a magnitude earthquake hit japan and triggered a suence -...
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. >> later in this broadcast, steve lavin returns to play some college basketball. we'll be coaching st. john's versus usf. who's going to win the heisman. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. >>> it was a chaotic scene as san francisco officially passes a ban blocking public nudity. it has been a contentious subject with a number of protests and some arrests along the way. the board of supervisors meeting today, they voted 6-5 in favor of the ban. protestors stripped off their clothes during the session. deputies covered them up and escorted them out of the room. >> we've always had occasional and random public nudity in san francisco. and that was fine, and no one had a problem with it. in the last couple of years, it's gone well beyond that and gone over the top. and it's time to do something about it. >> mayor edlee is expected
. >> later in this broadcast, steve lavin returns to play some college basketball. we'll be coaching st. john's versus usf. who's going to win the heisman. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. >>> it was a chaotic scene as san francisco...
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and this place will not be as good as it has been without steve latourette, jean schmidt, steve austria, dennis kucinich and betty sutton. mr. speaker, it has been great knowing these folks. i'm pretty sure that all of them we will see again in one capacity or another. i know steve, that we will see you and jen and emma soon, and mr. speaker, with that, i think our hour's up. we have no more speakers. it's been a pleasure. it's been a privilege and honor to serve with all five of these men and women. and i yield back my time. the speaker pro tempore: the gentleman yields back the balance of his time. under the speaker's announced policy of january 5, 2011, the gentleman from california, mr. garamendi, is recognized for 60 minutes as the designee of the minority leader. mr. garamendi: mr. speaker, thank you for the opportunity. we're going to spend a good portion of this hour talking about something that is on everybody's mind, the fiscal cliff. oh my goodness, the fiscal cliff is now just -- wow, 20 days away. so what are we going to do? some have suggested that we really have to deal w
and this place will not be as good as it has been without steve latourette, jean schmidt, steve austria, dennis kucinich and betty sutton. mr. speaker, it has been great knowing these folks. i'm pretty sure that all of them we will see again in one capacity or another. i know steve, that we will see you and jen and emma soon, and mr. speaker, with that, i think our hour's up. we have no more speakers. it's been a pleasure. it's been a privilege and honor to serve with all five of these men and...
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>> steve: right. there was a misconception because there was a ballot initiative on the november ballot. it was voted down and then the republican base, house and senate, voted essentially in a one week push toward this particular aspect of it where you do not have to belong to a union. >> i think it's very remarkable, politically risky, yes, but without risk, you get no possible reward. >> steve: you want to say something amazing. steven crowder was on our program earlier talk being how yesterday some guy from a union socked him. >> i have never seen an angry mob filled with vitriolic hatred and i want to be clear. i did go in and provoke these people. i tried to provoke rational thought. i tried to provoke civil debate. i tried to then request they stop destroying private property and tearing down and trampling a tents with women and old people in it. then afterwards, a group of us did try and peel them off the tent as they were collapsing it upon women's heads beneath them, which of course, makes m
>> steve: right. there was a misconception because there was a ballot initiative on the november ballot. it was voted down and then the republican base, house and senate, voted essentially in a one week push toward this particular aspect of it where you do not have to belong to a union. >> i think it's very remarkable, politically risky, yes, but without risk, you get no possible reward. >> steve: you want to say something amazing. steven crowder was on our program earlier...
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conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that
conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome....